A major building society has been fined £1.4 million and must pay £51 million compensation to customers after it mis-sold investment products in collapsed firm Keydata Investment Services.
Inflation unexpectedly dropped last month, official figures show today, weakening the prospect of an imminent interest rate hike by policymakers at the Bank of England.
Households are facing the biggest peace-time squeeze in their spending power since 1921 as wages fail to keep up with soaring inflation, according to a new report.
House prices increased modestly in March but the rise is unlikely to mark the beginning of a strong upturn for the market, Nationwide Building Society says today.
There was a glimmer of light for the UK recovery today after revised figures showed the economy contracted by less than previously thought at the end of 2010.
Equitable Life today announced plans to hand back hundreds of millions of pounds to its beleaguered policyholders who have seen the value of their investments dive.
